News

Sustainability policies help Lenzing lower loan interest rates

07/10/2021

Fibre manufacturer Lenzing has received an AA assessment from specialist ratings agency MSCI.

As a result the rate of interest the Austrian group has to pay on a €500 million bonded loan it took out in 2019 will now come down. The loan is linked to Lenzing’s sustainability performace. Lenzing said right away that it would donate the saving it makes from paying less interest.

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